Master Direction for Primary (Urban) Co-operative Banks
This Master Direction outlines the guidelines for Primary (Urban) Co-operative Banks regarding the classification, valuation, and operation of their investment portfolios.
The direction applies to all Primary (Urban) Co-operative Banks and provides definitions for various terms related to investments, including approved securities, available for sale, carrying cost, and more.
The direction consists of two chapters: Chapter I provides preliminary information, including the short title, commencement, and applicability of the direction, as well as definitions of key terms.
Chapter II outlines general guidelines, including the requirement for Primary (Urban) Co-operative Banks to have an investment policy in place.
Key aspects of the direction include:
Investment policy, classification, valuation, and operation of investment portfolios, as well as guidelines for various investment instruments and transactions.
Chat with the Master Direction: